The course is focused on the topic of finance at an international level. The content is divided into two different parts: the first is dedicated to corporate finance issues and the second to investment banking issues. The aim is to give a broad picture about international finance management through both companies and financial institutions approaches. The main goal of the program is to offer both a clear framework and a set of operative tools to understand the relationship between firms and financial system. The first part covers the classical topics of Corporate Finance, i.e. capital budgeting, pay-offs between shareholders and bondholders, cost of capital, designing optimal capital structures, advanced models for risk valuation, integrated management of assets and liabilities, value creating strategies. The second part of the course is focused on the analysis of investment banking activity in the perspective of financial intermediaries dedicated to the selling of products and services for corporate customers. As a consequence of this second part is divided in to three sections: regulation and supervision, market and competition, management and financial instruments. A specific attention is given to corporate finance deals. The whole structure of the course is applied, case based and oriented to develop capabilities to held methodologies and practices used on the financial markets at an international level.

Course Content Summary

Part one (Corporate Finance)

The fundamental of corporate finance through an international perspective

The tools to apply corporate finance principles

Capital structure issues: the concept of cost of debt and equity capital